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Aptos is eyeing a $2 billion valuation for its bid to bring Diem blockchain into users’ hands

2022/02/24 14:19

According to CoinDesk, Aptos is raising $200 million at a $2 billion valuation to do so. The people with knowledge of the deal said Andreessen Horowitz (a16z) and several other crypto venture capital firms were involved.
Should Aptos find its footing, it would be a stunning reversal for Diem – a project that was much ballyhooed in 2019 but fatally crippled by regulatory blowback in the subsequent two and a half years. Notably, the blog post makes no mention of the proposed stablecoins that riled lawmakers in the U.S. and abroad.
“We are not starting from scratch,” Aptos wrote in its “genesis” blog post, describing plans to launch “the safest and most production-ready blockchain in the world.”
“We are the original creators, researchers, designers, and builders of Diem, the blockchain that was first built to serve this purpose,” they added. “While the world never got to see what we built, our work is far from over.”
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